Where would you rather invest and why?
A. Bonds
B. Mutual Funds
C. Stocks
D. Real Estate
E. CDs
F. others

Answers

Answer 1

Answer:

d

Explanation:

because you get payed more


Related Questions

has 8.3 million shares of common stock outstanding. The current share price is $53, and the book value per share is $4. also has two bond issues outstanding. The first bond issue has a face value of $70 million and a coupon rate of 7 percent and sells for 108.3 percent of par. The second issue has a face value of $60 million and a coupon rate of 7.5 percent and sells for 108.9 percent of par. The first issue matures in 8 years, the second in 27 years. (a) What are capital structure weights on a book value basis

Answers

Answer:

Equity = 20.34%Debt = 79.66%

Explanation:

Book value of stock:

= 8,300,000 * 4

= $33,200,000

Total book value = BV of stock + BV of bonds

= 33,200,000 + 70,000,000 + 60,000,000

= $‭163,200,000‬.

Weight of Equity:

= 33,200,000 / ‭163,200,000‬

= 20.34%

Weight of debt:

= (70,000,000 + 60,000,000) / ‭163,200,000‬

= 79.66%

In business, a message written to right a wrong is called a claim. Straightforward claims are those where the receiver is expected to readily agree with your message. These claims require a direct approach. To be an effective business communicator, you should familiarize yourself with the best practices for making direct claims and voicing complaints.

Required:
What should you include in the opening of a direct claim message?

Answers

Answer: A clear statement of the problem

Explanation:

The opening of a direct claim message should clearly state the problem that you would like to be addressed by the receiver and would set the tone for the rest of the message.

Claim messages are formal messages and as such, should be clear and concise so that the message is communicated effectively and there is a lesser chance of the message being misread. This is why the message should be clearly stated, so that the receiver understands it and responds in kind.

The PC Works assembles custom computers from components supplied by various manufacturers. The company is very small and its assembly shop and retail sales store are housed in a single facility in a Redmond, Washington, industrial park. Listed below are some of the costs that are incurred at the company. Required: For each cost, indicate whether it would most likely be classified as direct materials, direct labor, manufacturing overhead, selling, or an administrative cost.The cost of a hard drive installed in a computer. a. Direct labor cost b. Direct materials cost c. Manufacturing overhead cost d. Selling cost e. Administrative cost

Answers

Answer: b. Direct materials cost

Explanation:

Direct materials are integral to the production of a good because they form part of the good being produced.

This is a computer company which assembles computers. Computers need a hard drive in order to function. The hard drive being installed in a computer will therefore count as a direct material because it will form part of the computer assembled.

The following is a list of account titles and amounts (dollars in millions) from a recent annual report of Calvin, Inc., a leading manufacturer of games, toys, and interactive entertainment software for children and families:

Buildings and improvements $195
Prepaid expenses and other current assets 165
Allowance for doubtful accounts 39
Other noncurrent assets 210
Accumulated amortization (other intangibles) 819
Cash and cash equivalents 636
Goodwill 469
Machinery, equipment, and software 418
Accumulated depreciation 417
Inventories 300
Tools, dies, and molds 71
Other intangibles 1,359
Land and improvements 15
Accounts receivable 641

Required:
Prepare the asset section of the balance sheet for Calvin, Inc., classifying the assets into Current Assets, Property, Plant, and Equipment (net), and Other Assets.

Answers

Answer:

ASSETS

NON -CURRENT ASSETS

Buildings and improvements                              195

Land and improvements                                       15

Other intangibles                                              1,359

Machinery, equipment, and software                418

Tools, dies, and molds                                          71

Accumulated depreciation                               (417)

Goodwill                                                              469

Accumulated amortization (other intangibles) (819)

TOTAL NON -CURRENT ASSETS                    1,291

CURRENT ASSETS

Inventories 300

Prepaid expenses and other current assets   165

Allowance for doubtful accounts                     (39)

Accounts receivable                                          641

Other noncurrent assets                                   210

Cash and cash equivalents                              636

TOTAL CURRENT ASSETS                             1,613

TOTAL ASSETS                                             2,904

Explanation:

Non-current assets are assets of a long term nature ,exceeding period of 12 months.

Current assets are assets of a short term nature, not exceeding a period of 12 months.

A short-term debt is the same thing as a
debt.
A. Current
B. Liquid
C. Tragic

Answers

I believe the answer is A.current

Answer:

the answer is A. Current

n the balance sheet at the end of its first year of operations, Dinty Inc. reported an allowance for uncollectible accounts of $82,700. During the year, Dinty wrote off $30,600 of accounts receivable it had attempted to collect and failed. Credit sales for the year were $2,220,000, and cash collections from credit customers totaled $1,760,000.What bad debt expense would Dinty report in its first-year income statement

Answers

Answer:

the bad debt expense reported is $113,300

Explanation:

The computation of the bad debt expense that should be reported in the first year income statement is shown below:

= Allowance for uncollectible accounts + write off account receivable

= $82,700 + $30,600

= $113,300

Hence, the bad debt expense reported is $113,300

General Mattress Company makes Memory Foam mattresses, a mass-market high-volume product, and Magnetic Levitation mattresses, a premium low-volume product. The company uses a traditional cost allocation with a single cost pool. It is planning to implement activity-based costing (ABC). After implementing ABC, the company will likely find that the traditional cost allocation: Group of answer choices

Answers

Answer:

Answer is explained in the explanation section below.

Explanation:

First of all, this question is not complete and lacks the group of answer choices. However, I have found that question with complete options on the internet.

So,

The Correct option is: D

Option D =  Not enough information

Reasoning:

For overestimated or underestimated or not full information required i.e. cost under traditional method and cost under activity based cost method , both information required for compare methods cost under each method.

Under Activity base costing all indirect cost is applied as per activities use by each product but under traditional method only one key factor use for applied overheads i.e. direct labor hours or machine hours etc.

The Massoud Consulting Group reported net income of $1,382,000 for its fiscal year ended December 31, 2021. In addition, during the year the company experienced a positive foreign currency translation adjustment of $380,000 and an unrealized loss on debt securities of $45,000. The company’s effective tax rate on all items affecting comprehensive income is 25%. Each component of other comprehensive income is displayed net of tax.

Required:
Prepare a separate statement of comprehensive income for 2021.

Answers

Answer: Check attachment

Explanation:

Kindly check the attachment.

Note that:

Foreign currency adjustment will be:

= $380000 × (1 - 25%)

= $380,000 × 75%

= $380,000 × 0.75

= $285,000

Loss on debt securities:

= $45000 × (1 - 25%)

= $45000 × 75%

= $45000 × 0.75

= $33750

Sales-Related and Purchase-Related Transactions for Seller and Buyer Using Perpetual Inventory System The following selected transactions were completed during April between Swan Company and Bird Company: Apr. 2. Swan Company sold merchandise on account to Bird Company, $19,900, terms FOB shipping point, 1/10, n/30. Swan Company paid freight of $435, which was added to the invoice. The cost of the merchandise sold was $12,500. 8. Swan Company sold merchandise on account to Bird Company, $25,000, terms FOB destination, 2/15, n/30. The cost of the merchandise sold was $15,000. 8. Swan Company paid freight of $650 for delivery of merchandise sold to Bird Company on April 8. 12. Bird Company paid Swan Company for purchase of April 2. 18. Swan Company paid Bird Company a refund of $2,000 for defective merchandise in the April 2 purchase. Bird Company agreed to keep the merchandise. 23. Bird Company paid Swan Company for purchase of April 8. 24. Swan Company sold merchandise on account to Bird Company, $11,200, terms FOB shipping point, n/45. The cost of the merchandise sold was $6,700. 26. Bird Company paid freight of $280 on April 24 purchase from Swan Company. Required: 1. Journalize the April transactions for Bird Company (the buyer). If an amount box does not require an entry, leave it blank.

Answers

Answer:

1. Bird Company (Buyer)

Apr-02 Dr Merchandise Inventory $20,335

Cr Accounts Payable $20,335

Apr-08 Dr Merchandise Inventory $25,000

Cr Accounts Payable $25,000

Apr-08 No entry

Apr-12 Dr Accounts Payable $20,335

Cr Cash $19,937

Cr Merchandise Inventory $ 398

Apr-18 Dr Cash $ 2,000

Cr Merchandise Inventory $ 2,000

Apr-23 Dr Accounts Payable $25,000

Cr Cash $24,750

Cr Merchandise Inventory $ 250

Apr-24 Dr Merchandise Inventory $11,200

Cr Accounts Payable $11,200

Apr-26 Dr Merchandise Inventory $280

Cr Cash $280

2.Swan Company (Seller)

Apr-02 Dr Accounts Receivable $20,335

Cr Sales Revenue $19,900

Cr Cash $435

Dr Cost of Goods Sold $12,500

Dr Merchandise Inventory $12,500

Apr-08 Dr Accounts Receivable $ 25,000

Cr Sales Revenue $ 25,000

Dr Cost of Goods Sold $15,000

Cr Merchandise Inventory $15,000

Apr-08 Dr Delivery Expense $650

Cr Cash $650

Apr-12 Dr Cash $19,937

Dr Sales Discounts $ 398

Cr Accounts Receivable $20,335

Apr-18 Dr Sales Returns and allowances $ 2,000

Cr Cash $ 2,000

Apr-23 Dr Cash $ 24,750

Dr Sales Discounts $ 250

Cr Accounts Receivable $25,000

Apr-24 Dr Accounts Receivable $11,200

Cr Sales Revenue $11,200

Dr Cost of Goods Sold $6,700

Cr Merchandise Inventory $6,700

Apr-26 No entry

Explanation:

1. Preparation of the journal entry for Bird Company (the buyer).

Bird Company (Buyer)

Apr-02 Dr Merchandise Inventory $20,335

Cr Accounts Payable $20,335

($19,900+$435)

Apr-08 Dr Merchandise Inventory $25,000

Cr Accounts Payable $25,000

Apr-08 No entry

Apr-12 Dr Accounts Payable $20,335

($19,900+$435)

Cr Cash $19,937

($20,334-$398)

Cr Merchandise Inventory $ 398

($19,900*2%)

Apr-18 Dr Cash $ 2,000

Cr Merchandise Inventory $ 2,000

Apr-23 Dr Accounts Payable $25,000

Cr Cash $24,750

($25,000-$250)

Cr Merchandise Inventory $ 250

(1%*$25,000)

Apr-24 Dr Merchandise Inventory $11,200

Cr Accounts Payable $11,200

Apr-26 Dr Merchandise Inventory $280

Cr Cash $280

2. Preparation of the journal entry for Bird Company the (Seller).

Swan Company (Seller)

Apr-02 Dr Accounts Receivable $20,335

($19,900+$435)

Cr Sales Revenue $19,900

Cr Cash $435

Dr Cost of Goods Sold $12,500

Dr Merchandise Inventory $12,500

Apr-08 Dr Accounts Receivable $ 25,000

Cr Sales Revenue $ 25,000

Dr Cost of Goods Sold $15,000

Cr Merchandise Inventory $15,000

Apr-08 Dr Delivery Expense $650

Cr Cash $650

Apr-12 Dr Cash $19,937

($20,335-$398)

Dr Sales Discounts $ 398

(2%*$19,900)

Cr Accounts Receivable $20,335

(19,900+435)

Apr-18 Dr Sales Returns and allowances $ 2,000

Cr Cash $ 2,000

Apr-23 Dr Cash $ 24,750

Dr Sales Discounts $ 250

(1%*25,000)

Cr Accounts Receivable $25,000

Apr-24 Dr Accounts Receivable $11,200

Cr Sales Revenue $11,200

Dr Cost of Goods Sold $6,700

Cr Merchandise Inventory $6,700

Apr-26 No entry

Marigold Corp. enters into a contract with a customer to build an apartment building for $1,069,900. The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of $153,300 to be paid if the building is ready for rental beginning August 1, 2021. The bonus is reduced by $51,100 each week that completion is delayed. Marigold commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes: Completed by Probability August 1, 2021 70 % August 8, 2021 20 August 15, 2021 6 After August 15, 2021 4 Determine the transaction price for this contract.

Answers

Answer:

$1,193,562

Explanation:

Calculation to Determine the transaction price for this contract.

First step is to calculate the probabilities

Probabilities

August 1, 2021 =70 % *$153,300

August 1, 2021 =$107,310

August 8, 2021= 20%*$51,100

August 8, 2021= $10,220

August 15, 2021 =6%*$102,200

($153,300-$51,100)

August 15, 2021 =$6,132

After August 15, 2021= 4%*$0

After August 15, 2021= $0

Now let calculate the transaction price for this contract.

Total transaction price =$1,069,900+ $107,310+$10,220+$6,132+$0

Total transaction price =$1,193,562

Therefore the transaction price for this contract will be $1,193,562

Tom operates an illegal drug-running operation and incurred the following expenses: Salaries $ 75,000 Illegal kickbacks 20,000 Bribes to border guards 25,000 Cost of goods sold 160,000 Rent 8,000 Interest 10,000 Insurance on furniture and fixtures 6,000 Utilities and telephone 20,000 Which of the above amounts reduces his taxable income?A) $0.B) $160,000.C) $279,000.D) $324,000.E) None of the above.

Answers

Answer:

B) $160,000

Explanation:

The computation of the amount that reduced the taxable income is shown below:

Here Cost of goods sold of $160,000 would be treated as a negative item in determining gross income instead allowed as a deduction.  

And, For a drug dealer, all other deductions would be disallowed

So the option B is correct

The world Street Journal published that United Airlines is not covering its cost (the cost include both fixed and variable cost) in the route from Washington to San Francisco and therefore they should discontinue the flight in this route. Based on the above situation answer the following questions: 1.Do you think United should continue its flight from Washington to San Francisco? Explain. 2. What are the major condition United needs to check before ‘shut down’ its operation Washington to San Francisco? Explain

Answers

Answer:

Following are the solution to the given points:

Explanation:

In question 1:

No, airline through Washington to San Fransisco should not continue. It is because the airline could recover its constant but varying expenses, as mentioned in the article. Service would therefore not be able to endure failure. The airline should therefore avoid driving.

In question 2:

To determine whether the airline should close down or not, the US should equate the price with both the Average total cost. Each airline is required to close down its activities if its cost is reduced than AVC. If the price is higher therefore the AVC price will continue. Since, as per the report, the airline cannot also cover its variable costs, its activities must be stopped.

The Step Company has the following information for the year just ended: Budget Actual Sales in units 15,000 14,000 Sales $ 150,000 $ 147,000 Less: Variable Expenses 90,000 82,600 Contribution Margin $ 60,000 $ 64,400 Less: Fixed Expenses 35,000 40,000 Operating Income $ 25,000 $ 24,400 The Step Company's sales-price variance is: Multiple Choice $7,000 unfavorable. $7,500 unfavorable. $7,500 favorable. $7,000 favorable. $3,000 unfavorable.

Answers

Answer:

$7,000 Favourable

Explanation:

Calculation to determine what The Step Company's sales-price variance is:

Using this formula

Sales Price Variance = (Actual Sales Price – Budgeted Sales Price) * Actual Sales Volume

Let plug in the formula

Sales Price Variance=[($ 147,000÷14,000)-(150,000/15,000)]*14000

Sales Price Variance = ($10.5 – $10) * 14000

Sales Price Variance = $7,000 Favorable

Therefore The Step Company's sales-price variance is: $7,000 Favorable

The Step Company has the following information for the year just ended: Budget Actual Sales in units 15,000 14,000 Sales $ 150,000 $ 147,000 Less: Variable Expenses 90,000 82,600 Contribution Margin $ 60,000 $ 64,400 Less: Fixed Expenses 35,000 40,000 Operating Income $ 25,000 $

On January 1, 2018, Advanced Airline purchased a used airplane at a cost of $60,500,000. Advanced Airline expects the plane to remain useful for eight years (5,000,000 miles) and to have a residual value of $5,500,000. Advanced Airline expects the plane to be flown 1,100,000 miles the first year and 1,200,000 miles the second year.

Requirements
1.​Compute first-year (2019) depreciation expense on the plane using the following methods:
a.​Straight-line
b.​Units-of-production
2.​Show the airplane’s book value at the end of the first year for the two methods.

Answers

Answer:

Results are below.

Explanation:

First, we need to calculate the annual depreciation using the straight-line method:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (60,500,000 - 5,500,000) / 8

Annual depreciation= $6,875,000

Now, using the units of production method:

Annual depreciation= [(original cost - salvage value)/useful life of production in miles]*miles operated

Annual depreciation= [(55,000,000 / 5,000,000)]*1,100,000

Annual depreciation= $12,100,000

Finally, the book value:

Book value= purchase price - accumulated depreciation

Straight-line:

Book value= 60,500,000 - 6,875,000= $53,625,000

Units-of-production:

Book value= 60,500,000 - 12,100,000=  $48,400,000

From the account balances listed below, prepare a schedule of cost of goods manufactured for Sampson Manufacturing Company for the month ended December 31, 2013. Account BalancesFinished goods inventory, December 31 $42,000Factory supervisory salaries 12,000Income tax expense 18,000Raw materials inventory, December 1 12,000Work in process inventory, December 31 15,000Sales salaries expense 14,000Factory depreciation expense 8,000Finished goods inventory, December 1 35,000Raw materials purchases 95,000Work in process inventory, December 1 20,000Factory utilities expense 6,000Direct labor 70,000Raw materials inventory, December 31 19,000Sales returns and allowances 5,000Indirect labor 21,000SAMPSON MANUFACTURING COMPANYCost of Goods Manufactured ScheduleFor the Month Ended December 31, 2013Work in process, December 31 ?Direct materials Raw materials inventory, December 1 ? Raw materials purchases ? ? ? Less: Raw materials inventory, December 31 ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?? ?? ?Less: Work in process, December 31 ?Cost of goods manufactured ?

Answers

Answer:

$210,000

Explanation:

Preparation of a schedule of cost of goods manufactured for Sampson Manufacturing Company for the month ended December 31, 2013

SAMPSON MANUFACTURING COMPANY

Cost of Goods Manufactured Schedule

For the Month Ended December 31, 2013

Work in process inventory,December 1 $ 20,000

Direct materials :

Raw Materials Inventory, December 1 $ 12,000

Raw Materials Purchases $95,000

Raw materials avaialble for use $ 107,000

($12,000+$95,000)

Less Raw Materials Inventory, December 31 ($ 19,000)

Raw materials used in production $ 88,000

($107,000-$19,000)

Direct labor $ 70,000

Factory (or) Manufacturing overhead :

Factory Supervisory salaries $ 12,000

Factory Depreciation expense $ 8,000

Factory Utilities expense $ 6,000

Indirect labor $ 21,000

Total Factory (or) Manufacturing overhead $ 47,000

($12,000+$8,000+$6,000+$21,000)

Total Manufacturing cost $ 205,000

($88,000+$70,000+$47,000)

Total Cost of work in process $ $225,000

($20,000+$205,000)

Less: Work in process inventory, December 31 ($ 15,000)

Cost of Goods Manufactured$210,000

Therefore The cost of goods manufactured for Sampson Manufacturing Company for the month ended December 31, 2013 will be $210,000

Answer:

Cost of goods manufactured 210,000

Explanation:

SAMPSON MANUFACTURING COMPANY

Cost of Goods Manufactured Schedule

For the Month Ended December 31, 2013

Raw materials inventory, December 1: 12,000

+ Raw materials purchases 95,000

Less Raw materials inventory, December 31 19,000

Materials Used   88000

Direct labor 70,000

Prime Cost: 158000

Indirect labor 21,000

Factory supervisory salaries 12,000

Factory depreciation expense 8,000

Factory utilities expense 6,000

Total Manufacturing Costs 205,000

Add Work in process inventory, December 1 20,000

Cost of goods available for manufacturing  225,000

Less Work in process inventory, December 31 15,000

Cost of goods manufactured 210,000

Add Finished goods inventory, December 1 35,000

Cost of goods available for sale 245,000

Less Finished goods inventory, December 31 $42,000

Cost of goods  sold  203,000

Sales returns and allowances 5,000  and Income tax expense 18,000 are included in the income statement

Explain what boundaries are and why they are important in decision-making.

Answers

Answer:

boundaries are that invisible line in social structure that people try not to cross lest by accident.

Explanation:

When you are making decisions you always have to think of the outcome or else you could end up doing something bad or wrong. Boundaries in decisions making are so you don't just go and do whatever without thinking. we as humans subconsciously try not to cross other people's boundaries for mainly two reasons. The first is it makes people feel uncomfortable. The second is that it brings out our inner guilt. if you cross someone's boundaries you will most likely realize it imededietly and to to back off instinctively.

I hope this helps!

career prep b spreadsheet assignment
anyone have a copy of the assignment willing to email it to me, pls don't answer if you don't have a copy you are willing to give

Answers

Answer:

no i do not have a copy or a page i also need one if you have it can you add it plz

Answer:

I dont saadly.

Explanation:

Classify each item as an asset, liability, common stock, revenue, or expense.
a. Issuance of ownership shares.
b. Land purchased.
c. Amounts owed to suppliers.
d. Bonds payable.
e. Amount earned from selling a product.
f. Cost of advertising.

Answers

Answer:

A)Common Stock

B) Asset

C)liability

D)liability

E)Revenue

F)expenses

Explanation:

Common stock can be regarded as kind ofcorporate equity ownership, which is one of the type of security.

Asst can be regarded item or property that is been owned by a business or individual which has a value and has future benefits.

liability can be regarded as things that a business or individuals owes, this could be in terms of money.

Expense can be regarded as

type of expenditure which is been seen from the income statement, it is been subtracted from revenue

Aloma, a university graduate who started a successful business, wants to start an endowment in her name that will provide scholarships to CE students. She wants the scholarship to provide $11,000 per year and expects the first one to be awarded on the day she fulfills the endowment obligation. If Aloma plans to donate $250,000, what rate of return must the university realize in order to award the annual scholarship forever

Answers

Answer:

the rate of return is 4.60%

Explanation:

The computation of the rate of return is shown below;

= Scholarship provided per year ÷ (Expected donated amount - Scholarship provided per year)

= $11,000 ÷ ($250000 - $11,000)

= $11,000 ÷ $239,000

= 4.60%

Hence, the rate of return is 4.60%

An entrepreneur uses _____ when taking money from a savings account to finance a new business.


friends and family

investors

loans

self-financing

Answers

Answer:

An entrepreneur uses Self-financing when taking money from a savings account to finance a new business.

3. Simone is a marketing consultant hired to review the product sales for a new high-end barista machine line. The product line has four variations, selling in four specialty store regions. To clearly show where each variation is selling best and in which regions, she plans to provide a color-scaled chart using percentage by type and location. What is the name of the chart she will be using

Answers

Answer:

heat map

Explanation:

The map that Simone will use will be a Heat map, which is a graph that uses colors for the understanding of the information, that is, according to the color suggested by the map, it is possible to identify patterns that are desired, as in the case of the question above, where each variation sells best and in which regions.

In the heat map, each color corresponds to a value, and this tool is widely used in digital marketing, for understanding customer behaviors on websites, for example.

Sheridan Company traded in a manual pressing machine for an automated pressing machine and gave 437000 cash. The old machine cost $459000 and had a net book value of $324000. The old machine had a fair value of $310000. Which of the following is the correct journal entry to record the exchange assuming comercial substance?

a. Equipment 68,000
Loss on Exchange 11,000
Accumulated Depreciation 22,000

Equipment 93,000
Cash 8,000

b. Equipment 68,000
Equipment 60,000
Cash 8,000

c. Cash 8,000
Equipment 60,000
Loss on Exchange 11,000
Accumulated Depreciation 22,000
Equipment 101,000

d. Equipment 123,000
Accumulated Depreciation 22,000
Equipment 93,000
Cash 8,000

Answers

Answer and Explanation:

The correct journal entry is shown below

Equipment  ($310,000 + $437,000) $747,000

Loss on exchange ($324,000 - $310,000) $14,000

Accumulated depreciation ($459,000 - $324,000) $135,000

        To Equipment  $459,000  

       To Cash  $437,000

(Being the exchange is recorded)

Cale Company buys surgical supplies from a variety of manufacturers and then resells and delivers these supplies to hundreds of hospitals. Cale sets its prices for all hospitals by marking up its cost of goods sold to those hospitals by 7%. For example, if a hospital buys supplies from Cale that cost Cale $100 to buy from manufacturers, Cale would charge the hospital $107 to purchase these supplies.For years, Cale believed that the 7% markup covered its selling and administrative expenses and provided a reasonable profit. However, in the face of declining profits, Cale decided to implement an activity-based costing system to help improve its understanding of customer profitability. The company broke its selling and administrative expenses into five activities as shown:Activity Cost Pool (Activity Measure) Total Cost Total ActivityCustomer deliveries (Number of deliveries) $420,000 5,000 deliveriesManual order processing (Number of manual orders) 624,000 8,000 ordersElectronic order processing (Number of electronic orders)170,000 10,000 ordersLine item picking (Number of line items picked) 675,000 450,000 line itemsOther organization-sustaining costs (None) 650,000 Total selling and administrative expenses $2,539,000 Cale gathered the data below for two of the many hospitals that it serves—Georgetown and Providence (each hospital purchased medical supplies that had cost Cale $38,000 to buy from manufacturers): ActivityActivity Measure University Memorial Number of deliveries 16 28Number of manual orders 0 49Number of electronic orders 18 0Number of line items picked 190 210Required:1. Compute the total revenue that Cale would receive from Georgetown and Providence.2. Compute the activity rate for each activity cost pool.3. Compute the total activity costs that would be assigned to Georgetown and Providence.4. Compute Cale's customer margin for Georgetown and Providence.

Answers

Solution :

1.                                Calculation of total revenue

Total revenue = cost of goods sold + Markup 7% = Revenue

University       = 38000 + 2660 = 40660

Memorial        = 38000 + 2660 = 40660

Therefore, markup = cost of goods sold x market up

                              = 38000 x 7%

                              = 2660

2.                                Calculations of Activity rates

Activity rate     = activity cost pool / total activity = activity rate

Customer deliveries  = 420000 / 5000 = 84

Manual order processing = 624000 / 8000 = 78

Ele order processing = 170000 / 10000 = 17

Line time picking = 675000 / 450000 = 1.5

3.                               Calculations of Activity costs

Activity cost for University

Activity cost pool =  Activity  x  Activity rate

Customer deliveries  = 16 x 84 = 1344

Manual order processing = 0 x 78 = 0

Ele order processing = 18 x 17 = 306

Line time picking = 190 x 1.5 = 285

Total activity cost = 1935

Activity cost for Memorial

Activity cost pool =  Activity  x  Activity rate

Customer deliveries  = 28 x 84 = 2352

Manual order processing = 49 x 78 = 3822

Ele order processing = 0 x 17 = 0

Line time picking = 210 x 1.5 = 315

Total activity cost = 6489

4.      Calculation of Customer margin

                                                 University        Memorial

Sales revenue                           40660              40660

Less : Cost of goods sold        38000               38000

Gross Margin                            2660                   2660

Less : Activity cost                    1935                    6489

Customer Margin                      725                    -3829

The government of Uwannastan protects its newly privatized firms from foreign competition by imposing stringent barriers to international trade and foreign direct investment. As a result of this, the newly privatized firms will: have no control over production and pricing. import raw materials and many industrial goods at low tariffs. continue operating like State-owned enterprises continue operating like private companies under capitalism

Answers

Answer: Continue operating like State-owned enterprises

Explanation:

Newly privatized would imply that they were once government owned which means that they were probably monopolies. These new companies are protected from foreign competition which means that their goods will be the dominant ones in the economy.

They will therefore keep operating as though they are state-owned companies because their goods will be dominant making them monopolies which is what government owned companies usually are.

Returns on ABC, Inc. are forecast to be the following: State Probability Return Boom 0.25 30% Normal 0.65 15% Bust 0.10 -14% What is the standard deviation of this company’s stock? Returns on ABC, Inc. are forecast to be the following: State Probability Return Boom 0.25 30% Normal 0.65 15% Bust 0.10 -14% What is the standard deviation of this company’s stock? 11.82% 11.56% 11.32% 11.07% 10.83%

Answers

Answer:

Standard deviation=11.82%

Explanation:

Standard deviation is measure of the total risks of an investment. It measures the volatility in return of an investment as a result of both systematic and non-systematic risks. Non-systematic risk includes risk that are unique to a company like poor management, legal suit against the company .

Standard deviation is the sum of the squared deviation of the individual return from the mean return under different scenarios

Expected return (r) = (30% × 0.25 ) + (15% × 0.65) + (-14%× 0.10)=15.8%

Outcome (R- r )^2 × P

Boom      (30%-15.8)^2× 0.25 = 50.05

Normal    (15%-15.8)^2×0.65 =   0.47

Bust       ( 13.6%- 15.8)^2 ×0.1=    89.10

                                                    139.63

Standard deviation =√139.63= 11.82%

Standard deviation=11.82%

What do you need to file your taxes?

Answers

Answer:

w-2, Form 1040, and possibly Schedule (1... etc. )

Explanation:

The Weimer Corporation wants to accumulate a sum of money to repay certain debts due on December 31, 2030. Weimer will make annual deposits of $125,000 into a special bank account at the end of each of 10 years beginning December 31, 2021. Assuming that the bank account pays 7% interest compounded annually, what will be the fund balance after the last payment is made on December 31, 2030

Answers

Answer:

the fund balance is $1,727,056.25

Explanation:

The computation of the fund balance is shown below:

Given that

PMT = $125,000

NPER  = 10

RATE = 7%

PV = $0

The formula is shown below:

= -FV(RATE,NPER,PMT,PV,TYPE)

After applying the above formula, the fund balance is $1,727,056.25

Here basically the future value formula should be applied

Mathis Company and Reece Company use the perpetual inventory system. The following transactions occurred during the month of April:

a. On April 1, Mathis purchased merchandise on account from Reece with credit terms of 2/10, n/30. The selling price of the merchandise was $3,100, and the cost of the merchandise sold was $2,225.
b. On April 1, Mathis paid freight charges of $250 cash to have the goods delivered to its warehouse.
c. On April 8, Mathis returned $800 of the merchandise which had originally cost Reece $500.
d. On April 10, Mathis paid Reece the balance due.

Required:
Prepare the journal entry to record the April 10 payment to Mathis Company.

Answers

Answer:

Mathis Company

Journal Entry:

April 10:

Debit Accounts payable (Reece Company) $2,300

Credit Cash $2,254  

Credit Cash Discounts $46

To record the payment on account.

Explanation:

1) Data and Transaction Analysis:

Mathis Company

a. April 1: Inventory $3,100 Accounts payable (Reece Company) $3,100

with credit terms of 2/10, n/30.

b. April 1: Freight-in $250 Cash $250

c. April 8: Accounts payable (Reece Company) $800 Inventory $800

d. April 10: Accounts payable (Reece Company) $2,300 Cash $2,254  Cash Discounts $46

2) The payment on April 10 is for $2,300 ($3,100 - $800).  The 2% cash discount is applied on the $2,300 to arrive at a Cash payment of $2,254 ($2,300 - $46).

Sandhill Co. provides the following information about its postretirement benefit plan for the year 2020. Service cost $ 43,200 Contribution to the plan 9,100 Actual and expected return on plan assets 10,900 Benefits paid 19,100 Plan assets at January 1, 2020 101,400 Accumulated postretirement benefit obligation at January 1, 2020 321,800 Discount rate 8 % Compute the postretirement benefit expense for 2020.

Answers

Answer:

The correct answer is "58,044".

Explanation:

The given values are:

Service cost,

= $43,200

Accumulated postretirement benefit obligation,

= 321,800

Actual and expected return,

= 10,900

Discount rate,

= 8%

The interest cost will be:

= [tex]321,800\times 8 \ percent[/tex]

= [tex]25,744[/tex]

The Postretirement benefit expense will be:

= [tex]Service \ cost +Interest \ cost-Actual \ and \ expected \ return[/tex]

= [tex]43,200+25,744-10,900[/tex]

= [tex]58,044[/tex]

Danks Corporation purchased a patent for $405,000 on September 1, 2019. It had a useful life of 10 years. On January 1, 2021, Danks spent $99,000 to successfully defend the patent in a lawsuit. Danks feels that as of that date, the remaining useful life is 5 years. What amount should be reported for patent amortization expense for 2021?

Answers

Answer:

Amortization Expense for year 2021 $90,000

Explanation:

The computation of the amount that should be reported for patent amortization for the year 2021 is shown below:

But before that following calculations need to be done

The value of the patent as of 31st Dec, 2020

Purchase Value as of Sep 1,2019 $405000

Less:- Amortization Expense for the year 2019 $13,500

($405000 ÷ 10 × 4 ÷ 12)

Less:- amortization expense for the year 2020 $40500 ($405,000 ÷ 10)

Value of patent as on 1st Jan, 2021 $351,000

Add:- fees to defend $99000

New Book Value for the year 2021 $450,000

Now Remaining Useful Life 5 years

So,

Amortization Expense for year 2021 $90,000 ($450,000 ÷ 5)

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